Nat Gas News – October 31, 2018 China’s Tariff on US Natural Gas Delays Louisiana LNG Project CNBC reported: A company behind a multibillion-dollar project to export liquefied natural gas from Louisiana is delaying its investment decision due to problems lining up Chinese buyers amid the ongoing U.S.-China trade dispute. The announcement shows the trade […]
A simple holiday can’t significantly alter the oil price environment – can it? Keep reading below. Crude ended the day significantly lower yesterday, almost a dollar below Monday’s closing price. This morning, prices are unmoved despite a supportive API inventory report. Crude oil is currently trading at $66.08, trading down just 10 cents from yesterday’s […]
Nat Gas News – October 25, 2018 $40 Billion Ichthys LNG Project Begins Gas Exports Oil Price reported: France’s oil and gas major Total said on Tuesday that the first cargo of liquefied natural gas (LNG) from the Ichthys LNG project offshore Western Australia had left the port of Darwin for the first export of […]
Oil prices are gathering steam this morning, though given recent volatility it’s well within the realm of possibility that prices revert lower again. Crude oil is currently trading at $67.52, up 70 cents from yesterday’s close. Fuel prices are mixed this morning, with extremely high gasoline production weighing on gas prices while diesel trades in […]
Another huge loss for oil prices yesterday, with crude falling nearly $3/bbl (4%) at the end of the day in response to the API’s reported crude build. Markets have been taking a huge hit as crudes stocks return to seasonal trends. Last year, crude stocks declined during the fall despite lower refinery utilization of that […]
Nat Gas News – October 24, 2018 Mexico Steel Execs Call for Competitive Natural Gas, Cohesive Industrial Policy S&P Gliobal reported: Executives for major steel mills in Mexico were calling for access to reliable sources of natural gas and a cohesive government industrial policy in order to boost the domestic industry on Monday. While speaking […]
Today brings another steep sell-off in the petroleum complex, with across-the-board losses for oil products accompanying a broader financial sell-off that began in China’s stock market. Crude oil is currently trading at $67.40, down $1.96 (-2.8%). Fuel prices are also taking a big hit this morning after mixed trading yesterday. Diesel prices are currently $2.2768, […]
Nat Gas News – October 23, 2018 Natural Gas Prices Plummet in Western Canada Bloomberg reported: Natural gas prices in Western Canada continued their freefall amid restrictions on the area’s main pipeline network and as Enbridge Inc. targeted a mid-November restart for a ruptured pipe that cut off supplies to businesses, homes and oil refineries. […]
Market-altering news was light over the weekend – although there’s still a bit of unresolved anxiety related to the death of journalist Jamal Khashoggi, which will likely fizzle out with time. Crude oil eked out some small gains on Friday but failed to re-take $70/bbl ground. Markets are anxious to see whether prices will regain […]
Nat Gas News – October 22, 2018 $150M Gas Processing Plant to Start Operating Next Month Miami Herald reported: Oasis Midstream Partners has completed a natural gas processing plant that will help reduce the wasteful flaring of excess natural gas in North Dakota’s Bakken oil patch. The $150 million Oasis Wild Basin II plant near […]
